Mfs Muni Inc Tr (NYSE:MFM) Plans $0.02 Monthly Dividend

Key Points

• Mfs Muni Inc Tr declared a $0.02 monthly dividend, which will be paid to shareholders on August 29th to those on record as of August 19th.
• The annualized yield for this dividend is 5.6%, reflecting its investment strategy in tax-exempt bonds and notes.
• As of the recent trading session, MFM shares rose to $5.18, with a trading volume of 127,387 compared to an average of 141,230.

Mfs Muni Inc Tr (NYSE:MFM - Get Free Report) declared a monthly dividend on Monday, August 4th, Wall Street Journal reports. Shareholders of record on Tuesday, August 19th will be paid a dividend of 0.024 per share by the closed-end fund on Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, August 19th.

Mfs Muni Inc Tr Price Performance

MFM traded up $0.06 during midday trading on Monday, reaching $5.18. 127,387 shares of the company were exchanged, compared to its average volume of 141,230. Mfs Muni Inc Tr has a one year low of $4.94 and a one year high of $5.78. The stock's 50-day simple moving average is $5.12 and its 200 day simple moving average is $5.24.

Mfs Muni Inc Tr Company Profile

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.

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